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Alias Born | 07/22/2008 |
Tuesday, October 04, 2016 11:30:08 AM
Like I've been saying for days...there were 2.2 billion shares distributed during the 'dark IPO'. You can see that on the chart, early April. This is after the Microsoft (PhoneFactor) settlement. Why did the converters sell way down there? Regardless, they did, OS went from 22 million to 2.2 billion. You can see that the volume on 04/14/2016 was 953.7 million shares, the high was OO22 and the low was OOO7. Look at the volume from May until now...maybe a billion shares traded? Near half @ OO1? That leaves 1.2 billion shares 'still held' by peeps (converters, 'offshore-related', buying cheap in the marketplace)...they need to sell 'up here'...take the pps down (trying to keep it as high as possible, all the while) so that the 2nd wave of converters (and other debt) can join the party...being the eager recipients of the remaining 2.7 billion in AS (5B). I predict the pps to go down to OO4 so that the 2nd wave can get shares @ OO24ish...JMO...
1.2 billion more shares to be sold 'up here'. That's 10 days @ near 180 million volume (per day). Good luck, thanks...
Meanwhile, I work on documentation of the 'dark IPO'.
Good day.
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